Swedish banks pass EU stress test
All of Sweden's four major banks passed a new bank stress test by the EU's European Bank Authority.
The tests on the Swedish banks Handelsbanken, Nordea, SEB and Swedbank were carried out by the Swedish Finansinspektionen.
They examined the banks' loan portfolios and assessed the quality of the banks' assets to see if the banks could handle a sudden deterioration in the economy. In a statement the Finansinspektion said the banks' assets are indeed of good quality and that they could cope with adverse economic scenarios.
The Swedish banks were not included in a similar test by the European Central Bank, because Sweden has not joined the single European currency, the Euro.